Topic: [ANN] [TERA Smart money] [Smart contracts, PoW, CPU, 1000 TPS] - page 45. (Read 42735 times)

I see only the source...

I can't make a wallet

npm install -> npm WARN [email protected] license should be a valid SPDX license expression

https://github.com/terafoundation/wallet

Where is Windows bin wallet?!!!

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Road map

Smart-contracts – August, 2018
Internal voting system for adding new functions – August, 2018
Decentralized messenger – September, 2018
Decentralized stock exchange – Q4 2018
Android/iOS Wallets – Q1 2019
Sharding and increase in transaction speed to 1 million per second – Q2 2019

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Referral mining program

In the first year of the network work (when the number of the block is in the range from 2 mln to 30 mln), the referral program of mining works. If the miner indicated an adviser in his wallet, then he gets about twice the size of the reward, and his adviser receives a one-time reward. Thus, at the beginning of the action of the referral program, the emission is roughly tripled.
Technically, an adviser is an account number. Any account can become an adviser, provided that it was created more than 1 mln blocks ago (i.e. approximately 12 days).
In order to smooth out the emission curve, the award for referral mining is multiplied by a factor that assumes a value from 1 to 0. The factor takes the value equal to 1 at the beginning of the program and smoothly changes to 0 at the end of the program (up to 30 millionth block).

An example of calculating coins emission:
Let's assume that now the capacity of the network equals to 30 bits in the hash of the block, and it is 1 billion of unallocated coins in total, and we are at the very beginning of the mining program, then one award equals to 900/100 = 9 coins.
Coins will be distributed as follows: 2 awards to the miner, 1 reward to the adviser, and in total there will be deducted 27 coins from the system account (3*9 = 27).
In case if we are in the middle of the referral mining program, when the factor is 0.5, the emission takes the following values ​​in the example above: 1.5 of reward to the miner, 0.5 of reward to the adviser, and in total there will be deducted 18 coins from the system account (2*9 = 18) .

Description of the coins storage rule
The coins are kept in accounts by analogy with bank accounts. The accounts are numbered from 0 sequentially. The zero account number is for system account, to which initially 1 bln coins were issued. To create new account you need to send to the network special transaction ACCOUNT_CREATE where you need to specify a public key of the account owner and unnecessary characteristic “name of account” (a line with length up to 40 bytes). It is advisable to specify the name to check the correctness of the account number input when sending the payment.

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Transactions

Minimal transaction size of coins transfer from account to account is 114 bytes.
Minimal size can be obtained if there is one recipient and no description of the payment details.
Transaction in text format JSON looks as follows:
Note: transaction in the example above has a length of 118 bytes.

Text representation is packed in binary format + 12 bytes POW are added (for protection against DDoS).
Payment details should be not more than 200 bytes. Actually the size is limited to a maximum of 65535 bytes, but 200 bytes is the size which can be seen by users’ wallets, if the length is more, they cut it.
The longer the transaction length, the more calculation POW must be done to receive competitive transaction and its inclusion in block.


Important change in update 11.07.2018:
Added hash of accounts table in blockchain. This is implemented through a special transaction type 117

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Starting the wallet

Wait until the synchronization is complete - the green message Synchronization complete should appear. Below, when you start first time, two fields will appear: name and adviser. Enter the code of the adviser (if you have one), enter account name and click the Create button. After about 8 seconds, the account creation transaction will fit in the blockchain and you will have an open account where you can mine the coins.

WARNING: To connect to the network, you must have a static IP address and an open port of 30000.


Solving connection problems (when no start sync)
1. Check the presence of a direct ip-address (order from the provider)
2. Check if the port is routed from the router to your computer
3. Check the firewall (port must open on the computer)




The launch continues.

We need working nodes that have a direct connection to each other.
At first, while there is no mining, I will send 1000 coins a day to everyone who will keep the full node in working order (ie, to raise it in time, if it falls, when it could not update itself). But a maximum of the first 50 people a day.
I ask you to provide me information on the link between the address (ip) and your account ID for sending coins. This information can be sent here or to me in PM in the format: ip - account ID (name account), example:
127.0.0.1 - 435 (sofia).
Note:
The account name is required for verification when sending coins
I send reward transactions every day in the evening (around 21:00 UTC)
It may take about a week or more (13.07.2018)

Thanks to all, now we have enough nodes for tests and settings.

UPD 18.07.2018
Since today, tests on the stability of the main chain begin.

UPD 22.07.2018
The reward program has been completed. Prepare the nodes for the start of mining.


Small airdrop (from premine coins): https://bitcointalksearch.org/topic/annairdroptera-smart-money-4722427

Website & WhitePaper very soon!!.. ( August, 2018 )

More information will be available soon...

blockchain running like a purring lambo.
good to see the network has grown, too!

i am enjoying being part of this project, hopefully now that the chain is a bit more stable, more work can be done - adding RPC etc

and I think the evolution towards GPU mining should be discussed.

at the moment there is no

The project looks promising.

Prompt, without a static ip I can not use a wallet? I have a dynamic ip and I do not have the opportunity to use another one.

Also, you can now generate your private key from brain key/passphrase https://discord.gg/ydCtUAr

Maybe you can not synchronize because there is no static IP address? This is a prerequisite.

Yup.
Unfortunately I cant run the wallet smoothly until now, have tried everything... I guess I just wait until the easier GUI wallet ready for windows...

This pre Alpha toy isnt really working , is it?
My amount gets up to 180000 and next time i check is back to 2884...
not even getting 100 per day...
looks like everything is orphans

checking back in a few weeks or so.. 

I'ts ok by now, haver you seen Cryptonote based coins at firts days? (monero, bytecoin, boolberry), they had no gui wallet, and then some of them have been doing really well, i apreciate a lot new tech

It's a great project, TERA Smart money making projects about the ease in storing and sending digital assets easily and not have to use the expensive cost

INDIAN govt put regulations about INR trading... so presently they stopped desposits and wihdrawls from BANKS... case is going in supre court... indians can pump  huge money into  crypto once its legalised in INDIA... INDIAN economy and GDP growing very rapidly.... time only matters....

Do not say that the Indians are poor people! In India, there are many millionaires and billionaires. Blockchain technology is gaining popularity in this country!

indian users are many, but they have little money usually. although i think a market that usually does not buy what in korea and china like can give the team the profit that they are looking for.

I hope they will release an GUI wallet for this coin. We should emphasize that this coin not only for just geek, but for every one noob - end user, so the simplicity and easy to use it.
That would increase the interest and adoption.

In the github so little can be read about this new technology? I think it is not something very new, but indeed maybe built from the scratch.
New bitcoin built with Java and Node.Js

Lets see how this coin goes on...

Hello! Great work! Invite users from India to the TERA project!

HINDI translation is DONE

here is the link
https://bitcointalksearch.org/topic/ann-tera-smart-money-pow-cpu-1000-tps-4795485